Loncor Gold Inc. (LONCF)

Overview

Loncor Gold Inc. is a gold exploration entity highlighted by its dynamic engagement in the procurement, discovery, and bolstering of precious metal ventures, predominantly situated within the Northeastern arc of the Democratic Republic of the Congo. Nestled within the mineral-rich expanse of the Ngayu greenstone belt, the company's primary venture orbits around the exploration of notable gold and platinum deposits. Originally operating under the moniker Loncor Resources Inc., the firm underwent a strategic rebranding to Loncor Gold Inc. in June 2021, a move reflective of its intensified focus on gold-related projects. With headquarters stationed in Toronto, Canada, Loncor Gold Inc. stands as a beacon of potential within the realm of precious metal exploration, underpinned by an expansive portfolio of projects and exploration licenses that traverse the geographically rich provinces of Ituri and Haut Uele in the northeastern quadrant of the Congo.

Products and Services

• Adumbi Project

Holding an 84.68% interest, the Adumbi project emerges as a cornerstone of Loncor Gold Inc.'s exploration endeavors. This venture encapsulates two mining licenses sprawled over a combined area of 361 square kilometers, strategically positioned within the Archaean Ngayu Greenstone Belt. The Adumbi project is characteristically noted for its promise in gold deposits, situating itself within the Ituri and Haut Uele provinces, regions known for their untapped mineral wealth.

• Isiro Properties

Loncor Gold Inc. boasts outright ownership of the Isiro properties, an assembly of 11 exploration permits that collectively cover an expansive territory of 1,884 square kilometers. Positioned within the province of Haut Uele, in northeastern Congo, these properties underscore the company's dedicated pursuit of exploring for gold and platinum deposits across vast and geologically diverse landscapes.

• Additional Projects

In addition to its primary ventures, Loncor Gold Inc. also maintains interests in a suite of projects including North Kivu, Ngayu, Devon, Navarro, Makapela, and Yindi. Each of these projects represents a strategic component of the company's broader portfolio, diversifying its exploration and development endeavors across the northeastern Congo. This multifaceted approach not only amplifies the company's operational footprint but also enhances its potential for significant precious metal discoveries.